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Assume that the discount rate of Project B is 23%. Given the following projected cashflow, what is the NPV of the project? Time Cashflow Year

Assume that the discount rate of Project B is 23%. Given the following projected cashflow, what is the NPV of the project?

Time Cashflow
Year 0 -2,050
Year 1 1,021
Year 2 813
Year 3 738
Year 4 1,474
Year 5 1,578

Answer format:

two decimals, round up

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